Cenurion Accommodation - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
09/19/25	Lim & Tan	Cenurion Accommodation	0.88	0	Subscribe

Stock calls for 15 October 2025

Date	Analyst	Company	Last	Target	Call	Valuation
10/15/25	Lim & Tan	Centurion	1.42	2.02	Accumulate on weakness	Sum of parts
10/15/25	UOB Kay Hian	First Resources	1.7	1.97	Buy	PER8.5x FY26
10/15/25	UOB Kay Hian	Keppel Corp	9.01	10.85	Buy	Sum of parts
10/15/25	DBS Vickers	Soilbuild Construction	3.33	4.7	Unrated	PER12x FY26

Centurion - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
06/24/24	Lim & Tan	Centurion	0.575	0.66	Accumulate
07/05/24	Lim & Tan	Centurion	0.585	0.66	Accumulate
07/25/24	DMG & Partners	Centurion	0.625	0.69	Buy
08/13/24	Lim & Tan	Centurion	0.64	0.66	Accumulate
08/16/24	CIMB	Centurion	0.655	0.78	Add
08/19/24	UOB Kay Hian	Centurion	0.655	0.85	Buy	PER7x FY24
08/19/24	DMG & Partners	Centurion	0.655	0.76	Buy	PER7.5x FY24/25
08/30/24	Lim & Tan	Centurion	0.74	0.83	Accumulate	PER7.1x FY25
09/10/24	Lim & Tan	Centurion	0.7	0.83	Accumulate	PER7.1x FY25
09/23/24	Phillip	Centurion	0.795	0.9	Accumulate	DCF
09/26/24	Amfrasers	Centurion	0.79	0.85	Buy	DCF
10/14/24	DMG & Partners	Centurion	0.835	1.06	Buy	PER9x FY25
10/17/24	Lim & Tan	Centurion	0.855	0	Accumulate on weakness
11/14/24	Phillip	Centurion	0.915	1.02	Accumulate	DCF
11/14/24	Lim & Tan	Centurion	0.915	0	Accumulate on weakness
11/27/24	UOB Kay Hian	Centurion	0.95	1.11	Buy	PER8.7x FY25
11/28/24	CIMB	Centurion	0.97	1	Add
12/02/24	Phillip	Centurion	0.94	1.02	Accumulate	DCF
01/02/25	UOB Kay Hian	Centurion	0.96	1.11	Buy	PER8.7x FY25
01/08/25	Lim & Tan	Centurion	0.96	1.05	Accumulate on weakness
02/04/25	DMG & Partners	Centurion	0.99	1.16	Buy
03/04/25	UOB Kay Hian	Centurion	1.02	1.11	Buy	PER8.7x FY25
03/06/25	UOB Kay Hian	Centurion	1.01	1.16	Buy	PER8.7x FY25
03/07/25	Phillip	Centurion	1.08	1.22	Accumulate	DCF
03/12/25	Lim & Tan	Centurion	1	1.2	Accumulate
04/01/25	Kim Eng	Centurion	1.25	1.45	Buy
04/04/25	Lim & Tan	Centurion	1.23	1.45	Accumulate on weakness
04/08/25	UOB Kay Hian	Centurion	1.07	1.16	Buy	PER8.7x FY25
04/11/25	Amfrasers	Centurion	1.13	1.38	Outperform	DCF
04/14/25	UOB Kay Hian	Centurion	1.12	1.48	Buy	PER10.6x FY25
04/24/25	DMG & Partners	Centurion	1.18	1.17	Buy
04/30/25	DMG & Partners	Centurion	1.22	1.43	Buy
05/15/25	Lim & Tan	Centurion	1.25	1.45	Accumulate
05/16/25	CIMB	Centurion	1.26	1.46	Add	RNAV
05/21/25	Phillip	Centurion	1.34	1.45	Accumulate	DCF & EV/Ebitda9.2x FY25
05/27/25	UOB Kay Hian	Centurion	1.34	1.48	Buy	PER10.6x FY25
05/27/25	DMG & Partners	Centurion	1.34	1.5	Buy	PER
05/29/25	DBS Vickers	Centurion	1.42	1.72	Buy	RNAV (20% disc)
06/12/25	Lim & Tan	Centurion	1.53	0	Accumulate on weakness
06/24/25	UOB Kay Hian	Centurion	1.55	1.7	Buy	PER13.3x FY25
07/15/25	Lim & Tan	Centurion	1.75	1.7	Accumulate on weakness
07/21/25	Phillip	Centurion	1.73	1.88	Accumulate	Sum of parts
07/22/25	CIMB	Centurion	1.61	2.05	Add
07/24/25	DMG & Partners	Centurion	1.7	2.01	Buy	Sum of parts
08/06/25	DMG & Partners	Centurion	1.79	2.01	Buy	Sum of parts
08/08/25	Lim & Tan	Centurion	1.81	1.2	Accumulate on weakness
08/11/25	CIMB	Centurion	1.69	2.04	Add	RNAV
08/13/25	Phillip	Centurion	1.78	2.01	Accumulate	Sum of parts
08/19/25	Lim & Tan	Centurion	1.71	2	Accumulate on weakness	Sum of parts
09/03/25	Lim & Tan	Centurion	1.73	2	Accumulate on weakness	Sum of parts
09/15/25	Phillip	Centurion	1.74	2.01	Accumulate	Sum of parts

CDL Hospitality - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
06/04/24	UOB Kay Hian	CDL Hospitality	0.98	1.48	Buy	DDM
06/26/24	DMG & Partners	CDL Hospitality	0.96	1.2	Buy
06/27/24	CIMB	CDL Hospitality	0.955	1.25	Add	DDM
07/15/24	DBS Vickers	CDL Hospitality	0.99	1.45	Buy
07/25/24	DMG & Partners	CDL Hospitality	0.975	1.2	Buy
07/29/24	Kim Eng	CDL Hospitality	0.97	1.1	Buy
07/30/24	Lim & Tan	CDL Hospitality	0.975	1.1	Buy
07/31/24	CIMB	CDL Hospitality	0.97	1.16	Add	DDM
08/01/24	Kim Eng	CDL Hospitality	0.965	1	Buy
08/05/24	DMG & Partners	CDL Hospitality	0.94	1.03	Neutral	DDM
08/07/24	DBS Vickers	CDL Hospitality	0.875	1.2	Buy
09/02/24	DBS Vickers	CDL Hospitality	0.935	1.2	Buy
10/04/24	UOB Kay Hian	CDL Hospitality	1.02	1.5	Buy	DDM
10/17/24	Lim & Tan	CDL Hospitality	0.97	1.04	Hold
10/30/24	DMG & Partners	CDL Hospitality	0.925	1	Neutral	DDM
12/16/24	Kim Eng	CDL Hospitality	0.87	1.1	Buy
12/23/24	DBS Vickers	CDL Hospitality	0.84	1.2	Buy
01/10/25	DMG & Partners	CDL Hospitality	0.88	1	Neutral	DDM
01/27/25	DBS Vickers	CDL Hospitality	0.865	1.2	Buy
01/27/25	Lim & Tan	CDL Hospitality	0.865	1	Hold
01/31/25	DMG & Partners	CDL Hospitality	0.855	0.93	Neutral	DDM
02/04/25	DBS Vickers	CDL Hospitality	0.855	1.1	Buy
04/08/25	UOB Kay Hian	CDL Hospitality	0.775	1	Buy	DDM
04/08/25	Kim Eng	CDL Hospitality	0.775	0.75	Hold	DDM
04/30/25	DBS Vickers	CDL Hospitality	0.795	1.1	Buy
05/05/25	CIMB	CDL Hospitality	0.775	0.87	Add	DDM
06/27/25	UOB Kay Hian	CDL Hospitality	0.79	1.11	Buy	DDM
07/30/25	DBS Vickers	CDL Hospitality	0.85	1.1	Buy	DCF
07/31/25	Lim & Tan	CDL Hospitality	0.825	0.82	Hold
08/01/25	Kim Eng	CDL Hospitality	0.8	0.7	Hold	DDM
09/24/25	DMG & Partners	CDL Hospitality	0.815	0.88	Neutral	DDM

CapitaRetail China - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
09/25/24	DBS Vickers	CapitaRetail China	0.745	0.95	Buy
10/30/24	DBS Vickers	CapitaRetail China	0.76	0.95	Buy
06/16/25	DBS Vickers	CapitaRetail China	0.685	0.85	Buy
07/28/25	OCBC	CapitaRetail China	0.78	0.765	Hold
07/30/25	DBS Vickers	CapitaRetail China	0.78	0.85	Buy	DCF
08/01/25	DBS Vickers	CapitaRetail China	0.76	0.75	Hold	DCF
09/30/25	OCBC	CapitaRetail China	0.785	0.705	Hold

Stock calls for 14 October 2025

Date	Analyst	Company	Last	Target	Call	Valuation
10/14/25	Lim & Tan	ASL Marine	0.215	0.3	Buy	PER9.5x FY27
10/14/25	UOB Kay Hian	CSE Global	0.73	0.85	Buy	PER15.6x FY25
10/14/25	UOB Kay Hian	Food Empire	2.3	3	Buy	PER18.7x FY26
10/14/25	DBS Vickers	Genting	0.715	0.8	Hold	DCF & EV/Ebitda5.3x FY26
10/14/25	CIMB	Riverstone	0.82	0.91	Add	PER